Newmark Q3 revenue -15.7% to $664.6M; GAAP EPS $0.15 vs $0.63; Adj EPS $0.35

NEWMARK GROUP, INC.

2022-Q3 EPS reported $0.41 revenue$2,098,245,000

Revenue $664.6M (-15.7% YoY); GAAP net income per diluted share $0.15 (vs $0.63).
Pre-tax Adjusted Earnings $105.8M (-34.2%); Adjusted EBITDA $122.5M (-29.8%).
Recurring fee revenues up 10.8%; U.S. investment sales market share #3 YTD by RCA.
Repurchased 10.1M shares in Q3; diluted share count down 5.6% YoY to 243.5M.
Quarterly dividend $0.03/share declared, payable Nov 30, record Nov 11, ex-div Nov 29.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NEWMARK GROUP, INC. reported the quarter ended September 30, 2022 results: revenue $664.6, EPS $0.15.

Period: the quarter ended September 30, 2022
Revenue: $664.6
EPS: $0.15
Result: reported results

Exact text from the filing

SELECT RESULTS COMPARED WITH THE YEAR-EARLIER PERIOD 2 Highlights of Consolidated Results (USD millions, except per share data) 3Q22 3Q21 Change YTD 22 YTD 21 Change Revenues $664.6 $788.1 (15.7)% $2,098.2 $1,922.0 9.2% GAAP income before income taxes and noncontrolling interests ("GAAP pre-tax income") 51.2 217.1 (76.4)% 136.1 999.6 (86.4)% GAAP pre-tax income excluding other income and the 2021 Equity Event 51.3 130.3 (60.6)% 237.6 256.8 (7.5)% GAAP net income per fully diluted share $0.15 $0.63 (76.2)% $0.41 $3.06 (86.6)%

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5 earnings releases filed in the last 30 days. Browse all earnings releases →

NEWMARK GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001690680-22-000037

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